hallo everyone . there are 4 possible scenarios : number 1 : price consolidating in this range , either it breaks the top or the bottom of the channel. number 2 : the price breaks the local resistance and MA50 , rises to the strong resistance , comes back down will be in this range. number 3 : price breaks both resistances , and reaches the target of 161.80% Fibonacci which is 38 $. number 4 : price after consolidating in this range , will break the support and fall to the green line.
after all , in my opinion , it's more likely to break the local resistance in the following days and pump to the strong resistance , that time we'll decide either it goes down again or breaks the strong resistance ... I'll keep y'all updated . don't forget to hit the like !
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